Silver One Res Inc Stock Price, News & Analysis

Silver One Resources Inc. has secured a drilling permit from the US Forest Service for its Phoenix Silver Project in Arizona. The project includes a notable target area featuring a 417-pound native silver-rich vein fragment estimated to contain up to 70% native silver. Previous assays on smaller fragments revealed silver concentrations of 459,000 g/t (14,688 oz/ton). The drilling program will consist of up to 40 diamond drill holes from 13 pads, targeting the 417 area due to its potential as a significant source of high-grade silver. Drilling is expected to begin in H1 2023, marking an exciting phase for Silver One as it explores this underdeveloped property.

Silver One Resources Inc. reported promising initial metallurgical test results from the Candelaria Project in Nevada. pXRF analysis from drill holes indicated high silver grades, with hole 132 returning 3,176 g/t silver and hole 134 showing 6,868 g/t silver. The tests confirm the presence of high-grade sulphide mineralization, with extensive potential for further exploration. While initial bottle-roll tests showed variable silver extractions, more definitive results are expected in Q1 2023. The company remains optimistic about the opportunities for near-term production and further mineralization expansion.

Silver One Resources has successfully completed a 7,500-metre drilling program at its Candelaria project in Nevada, confirming extensive silver-oxide mineralization adjacent to past open pits. The recent results show significant silver and gold grades, with highlights including 1,339 g/t Ag over 10.67 m and 501.5 g/t Ag over 3.05 m. The mineralization is now confirmed to extend nearly 2 km along strike and 1 km down-dip, remaining open in all directions. Future drilling will focus on further mineralization testing. Metallurgical testing for resource evaluation is also underway.